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Treasury Single Account: Concept, Design and Implementation Issues

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  • Israel Fainboim Yaker
  • Sailendra Pattanayak

Abstract

A treasury single account (TSA) is an essential tool for consolidating and managing governments’ cash resources, thus minimizing borrowing costs. In countries with fragmented government banking arrangements, the establishment of a TSA should receive priority in the public financial management reform agenda. Drawing on the lessons of the Fund’s work in several countries in establishing a TSA, this paper explains its concept, essential features, and potential benefits. It also presents alternative models and approaches for designing a TSA that take into account specific country contexts as well as the preconditions and desirable sequencing for its successful implementation. Finally, the paper includes country examples from different regions in support of the analysis and recommendations.

Suggested Citation

  • Israel Fainboim Yaker & Sailendra Pattanayak, 2010. "Treasury Single Account: Concept, Design and Implementation Issues," IMF Working Papers 2010/143, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2010/143
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    References listed on IDEAS

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    1. Mr. Ian Lienert, 2009. "Modernizing Cash Management," IMF Technical Notes and Manuals 2009/003, International Monetary Fund.
    2. Ian Lienert, 2009. "Modernizing Cash Management," IMF Technical Notes and Manuals 09/03, International Monetary Fund.
    3. Kenneth D. Garbade & John C. Partlan & Paul J. Santoro, 2004. "Recent innovations in Treasury cash management," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 10(Nov).
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    Cited by:

    1. Busharads, Mohamed Osman Elamin & Sam-Quarm, Richmond & Sam-Quarm, Richmond & Institute of Research, Asian, 2020. "The Ramifications of the Treasury Single Account, the Ifmis Platform, and Government Cash Management in Developing Economies in the Wake of the Covid-19 Pandemic: Ghana’s Empirical Example," OSF Preprints j9dcx, Center for Open Science.
    2. Lawson, Andrew & Harris, Jamelia, 2023. "Is the problem driven iterative adaptation approach (PDIA) a panacea for public financial management reform? Evidence from six African countries," World Development Perspectives, Elsevier, vol. 31(C).
    3. Alan K. Karaev & Oksana S. Gorlova & Vadim V. Ponkratov & Marina L. Sedova & Nataliya S. Shmigol & Margarita L. Vasyunina, 2022. "A Comparative Analysis of the Choice of Mother Wavelet Functions Affecting the Accuracy of Forecasts of Daily Balances in the Treasury Single Account," Economies, MDPI, vol. 10(9), pages 1-27, September.
    4. Akinleye G. T & Fajuyagbe S. B & Owoniya B. O, 2018. "Treasury Single Account: A Nudge towards Public Sector Accountability in Nigeria," Journal of Economics and Behavioral Studies, AMH International, vol. 10(6), pages 201-210.
    5. Thoma Gatluak Reat & Anthony Duku Peter, 2023. "Impact of Implementing Treasury Single Accounts on Financial Performance of Public Institutions: Case of National Ministries, Departments, And Agencies," International Journal of Science and Business, IJSAB International, vol. 19(1), pages 49-69.
    6. Mawejje Joseph & Odhiambo Nicholas M., 2020. "Fiscal Reforms and Deficits in Tanzania: An Exploratory Review," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 30(1), pages 57-75, March.
    7. Ayezza Sattar & Mahmood Khalid & Talib Hussain Baloch, 2023. "Public Finance Management Reforms In Pakistan: A Case Study Of The Treasury Single Account Regimen," PIDE-Working Papers 2023:8, Pakistan Institute of Development Economics.
    8. A. O. Adebisi & A. S. Ohiani & Gbemi Oladipo Olaore, 2019. "Appraising Institutional Environment’s Contribution to Financial Performance of Selected Banks in Pre and Post Tsa in Nigeria," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 12-20, December.

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